Mason City car dealership owner pleads guilty to money laundering

MASON CITY — The owner of a Mason City auto dealership has pleaded guilty to money laundering.

Jerry T. Flaherty, who owns Wheel Man Auto, is accused of meeting with undercover law enforcement agents in March and April of 2014, agreeing to sell them a car for $20,500. Authorities say Flaherty believed the money he was being given came from the sale of illegal drugs, that he agreed to fraudulently record it as a $15,000 credit card sale instead of a $20,500 cash transaction, and put the title to the car under another person’s name.

Flaherty recently in US District Court in Cedar Rapids entered a plea of guilty to one count of money laundering. A sentencing date has not been set.

SHARE

RELATED CONTENT

Wednesday February 20th “The Midday Report” Snow removal budgets being used up by repeated winter weather events (AUDIO) Ask the Mayor — February 20, 2019 — Mason City mayor Bill Schickel Wednesday February 20th KGLO Morning News Wednesday February 20th Local Sports Chickasaw County mom gets life for death of baby son found in swing
Comments